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Weekly Position Updates / Extreme Trade Updates (7/27/18)

Extreme Trade Updates (7/27/18)

July 27, 2018

The following trades remain on hold:

Applied Materials (AMAT) stock — $49.90

AMAT currently trades at $48.24.  Continue to hold.

Canopy Growth (CGC) — formerly TWMJF — $29.75
We would reiterate a buy at $29.66, as well

The stock is now at $25.78 and remains on hold.

WTW stock at $67.66 — exited half
WTW August 17 2018 105 calls at $7.10

We hold the second half of the WTW stock, which last traded at $91.87.  Hold both positions.

Bristol Myers Squibb (BMY) stock — $51.25
BMY September 21, 2018 57.50 calls — $2.04

We still hold the BMY stock, which last traded at $56.91.  We also now hold the BMY September 2018 calls.

Square Inc. (SQ) stock — $63.90
SQ August 17, 2018 65 calls — $4.45 — exited half
SQ August 17, 2018 70 calls — $2.75 — exited half

We took some wins from the calls the other day prior to the market pulling back.  Continue to hold the stock and the second half of the calls.

Roku Inc. (ROKU) stock — $43.50
ROKU August 17, 2018 44 calls — $5.40

ROKU is still one of the hottest stocks on the market at the moment.  It last traded at $47.40.  Hold the stock and the calls.

iQIYI Inc. (IQ) stock – $30.85 entry
IQ September 21, 2018 35 calls — $3.50 entry 

IQ now sits at $32.13 a share.  Hold both trades.

Okta Inc. (OKTA) stock — $51.25 entry
OKTA August 17, 2018 50 calls — $4.30 entry — exited half

OKTA is now up to $54.90 and remains on hold at this time.

Adobe Systems (ADBE) — $248.96
ADBE August 17, 2018 255 calls — $5.03

After an explosive move higher, the stock has pulled back to $254.44.  Hold both trades.

Raytheon (RTN) — $187.12
RTN August 17, 2018 200 calls — $3.85

While RTN did pull back recently, let’s hold both positions.

Congratulations on all wins so far.  We’re looking to take even more wins shortly.